Yangzijiang Shipbuilding Likely to Guide for More New Order Wins

Dow Jones
02-06

0314 GMT - Yangzijiang Shipbuilding's management is expected to guide for higher new order wins this year, says UOB Kay Hian analyst Adrian Loh. The shipbuilder's new Yangzi Hongyuan yard in China will be ready for operation in 2H 2026, he writes in a note. With the new capacity taken into consideration, the brokerage estimates Yangzijiang Shipbuilding's new order win target could be between US$6 billion and US$7 billion. The company has a 2024 order win target of US$4.5 billion. UOB Kay Hian has a buy rating on the stock and a target price of S$3.60. Shares are flat at S$3.07.(amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

February 05, 2025 22:14 ET (03:14 GMT)

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